Another day, another cryptocurrency heist. Hackers have breached over 100 Ripple $XRP▲4.27%
(XRP) Ledger wallets managed by service provider GateHub. If that
wasn’t bad enough, additional reports suggest the attackers have
siphoned off more than $100 million worth of XRP.

“Recently, we have been notified by our customers and community
members about funds on their XRP Ledger wallets being stolen and
immediately started monitoring network activity, and conducted an
extensive internal investigation,” wrote GateHub chief Enej Pungercar. Unfortunately, the company has yet to identify what caused the issue.

GateHub say it’s in the process of reviewing the
suspicious activity, but no official conclusions have been posted at the
time of writing.

“At the moment we estimate that approximately 100 XRP Ledger
wallets were compromised,” Pungercar added. “So far it looks like all
the victims had their XRP Ledger wallets hosted on GateHub, but we
cannot yet rule out that some wallets were not.”

XRP enthusiast Thomas Silkjær, who first noticed the suspicious activity, estimates
that the hackers have thieved nearly $10 million worth of
cryptocurrency (23,200,000XRP), $5.5 million (13,100,000XRP) of which
has “already been laundered through exchanges and mixer services.”

Among other services, the attackers relied on Binance, Changelly, KuCoin, Huobi, and HitBTC to convert the funds.

In the meantime, GateHub says it has emailed all users possibly affected by the theft with instructions how to protect their funds.
“If you have not received an email from us, then we have no reason to
believe your account was compromised,” the company added.

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